Bowing to pressure from its agitating employees, markets regulator Sebi on Monday withdrew its September 4 press release in which, among other things, it had blamed ‘external elements’ for the recent spate of agitations by a part of its employees. On September 5 morning, several of Sebi employees had demonstrated at the regulator’s headquarter at BKC in the city, demanding withdrawal of the press release of the previous day, saying the contents of it had several wrong pieces of information.
Read full storyShiv Sena MLA Sanjay Gaikwad sparked a fresh controversy after he placed a bounty of Rs 11 lakh to anyone who will "chop off the tongue" of Congress leader Rahul Gandhi over his statements on reservations during his US trip. The Maharashtra BJP president Chandrashekar Bawankule, however, distanced himself and said he does not endorse the Sena MLA's remarks. BJP is a constituent of the Shiv Sena-led government in the state.
Read full storyA 13-year-old student from Chennai, Presley Shekinah, has set a new world record by creating a portrait of Prime Minister Narendra Modi using 800 kg of millets. The painting, which measures 600 square feet, was completed in a non-stop 12-hour session as a tribute to the Prime Minister on his upcoming birthday on September 17.
Read full storyPrime Minister Narendra Modi on Monday inaugurated the fourth Global Renewable Energy Investor's Meet (RE-INVEST 2024) in Gandhinagar, Gujarat on Monday and said that the world knows that India is the best bet in the 21st century. "The world knows that India is the best bet in the 21st Century," PM Modi said at the expo, held at Mahatma Mandir, showcased contributions from public and private sectors, state governments, and start-ups."During his earlier visit, the then US president Barack Obama asked whether we face the pressure to achieve targets. I had responded that ‘This is Modi. And the only pressure I feel is of the future generation that is not even born yet.’ I am working for the next generation."
Read full storyTyphoon Bebinca, the strongest storm to hit Shanghai in over 70 years, caused severe disruptions on Monday morning. The storm, with wind speeds of 130 km/h (80 mph), made landfall southeast of the city, prompting widespread shutdowns during China's Mid-Autumn Festival holiday. Shanghai, home to 25 million people, was brought to a standstill as flights, trains, and highways were suspended. The China Meteorological Administration issued a red alert for gale-force winds and heavy rainfall across eastern China. Airports, ferries, and highways in the region were closed as authorities worked to minimize the storm's impact.
Read full storyBajaj Housing Finance shares debuted at over double the offer price in pre-open trade on Monday as investors bet on strong growth in a booming home loan market.
The housing finance company commenced trading on the stock exchanges with an impressive 114% premium. The company's shares opened at Rs 150 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), significantly higher than the issue price of Rs 70. In the lead-up to the listing, the shares had been trading at a Grey Market Premium (GMP) of 120% above the issue price.
Read full storyStock markets on Monday experienced a slight uptick as investors exercised caution in anticipation of the upcoming Fed rate cut announcement later this week.
BSE Sensex opened higher by 94.39 points at 82,985.33 going upto 83,140,76 points in early trade. Meanwhile, the Nifty50 index commenced trading at 25,406.65 points, registering a gain of 50.15 points or 0.2 per cent. It then climbed up to over 25,430 points.
NTPC, Axis Bank, Tata Steel, JSW Steel, Kotak Mahindra Bank, Bajaj Finserv, Larsen & Toubro, and Bajaj Finance emerged as the top performers among the 30 Sensex companies. Investors had a keen eye on listing of Bajaj Housing finance which got listed at Rs 150 offering 114% premium over the IPO price of Rs70.
Read full storyTyphoon Bebinca struck Shanghai early Monday, as reported by Chinese state media. The city is under a red alert due to the severe weather conditions, including powerful winds and heavy rainfall.The typhoon made landfall in Shanghai, a metropolis with a population of almost 25 million, at approximately 7.30 am. local time (2330 GMT). The powerful storm system brought fierce winds, with maximum sustained speeds of 151 kilometers per hour (94 miles per hour) near its center. Meteorologists say that Typhoon Bebinca could be the strongest to hit Shanghai since 1949.
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